A lot of alt-coins in the red the last few days with this bitcoin surge. The BTC dominance saw a low of 37.68% on June 20th this year, and has been steadily rising ever since. Now back to over 59%. The question is will this dominance continue. I doubt we get back to the 87% where we started the year at, but who knows.

SilverDoge wrote:A lot of alt-coins in the red the last few days with this bitcoin surge. The BTC dominance saw a low of 37.68% on June 20th this year, and has been steadily rising ever since. Now back to over 59%.

Consolidating to Bitcoin this summer has worked out well, though I did not foresee this happening so soon. Should have done even more with Ethereum, and may still, when the inevitable BTC pullback happens (pull back to what, $7000? ) Neo, my other remaining alt, is so cheap vs. BTC now, there really is no option but to HODL for Chinese developments to bust it out. Some of my former alts are now half or even a third of their BTC value when I sold them into Bitcoin. Dollar value is not as bad, thanks to BTC's dollar value. My time horizon and goals are shorter term than you young bulls with your alt ICOs. You can wait patiently for years, even decades if need be. For the nearer term, I decided a couple months ago BTC was the better play, though I was filled with self-doubt when BTC crashed (again). This is just crazy, though. I wasn't expecting $6500 until next year some time, if even then.

Sure hope so. It's been one of the biggest and well known ponzi's going for a while now. Everyone knew at some point it would blow up spectacularly (likely damaging cryptocurrencies as a whole in the process). Every time I'd see it rising higher I'd get a sick feeling in my stomach because I knew at some point it would implode....and the larger it got before then, the worse it would be. Hope it's well and done with now.

Well, the scam is down only 5% (not far off other alts) since this news, which doesn't seem to have been picked up by the leading crypto news sites. I would have thought it would be down 50% or more, or trading halted, on news of being "in default" and "assets seized." I wish BitConnect would go away (after victims get their money back) but it doesn't appear to be happening yet.

Long John wrote:Well, the scam is down only 5% (not far off other alts) since this news, which doesn't seem to have been picked up by the leading crypto news sites. I would have thought it would be down 50% or more, or trading halted, on news of being "in default" and "assets seized." I wish BitConnect would go away (after victims get their money back) but it doesn't appear to be happening yet.